Rolls-Royce and British Airways complete $5bn Trent engine contracts
Thursday, 6 January 2011
Rolls-Royce, the global power systems company, and British Airways have completed contracts for Trent 900 and Trent 1000 engines to power up to 61 new wide-body aircraft.
The order, originally announced in September 2007 and worth in excess of $5 billion at list prices if all options are exercised, is for Trent 900 engines to power 12 Airbus A380 aircraft, with a potential additional seven options, and Trent 1000 engines to power 24 Boeing 787 Dreamliners, with 18 options. The contracts include TotalCare® long-term support agreements.
Willie Walsh, Chief Executive Officer, British Airways, said: “We are delighted to have concluded these contracts, which position British Airways strongly for the future. We have had a long and positive relationship with Rolls-Royce, and we look forward to continuing to work with them in the future. We believe the support of the Rolls-Royce TotalCare package will significantly benefit British Airways operations.”
Sir John Rose, Chief Executive, Rolls-Royce, said: “We welcome the conclusion of these contracts with a valued customer. We are pleased that British Airways continues to put its trust in our world class Trent engine technology and service provision.”
British Airways is one of nine customers that have selected the Trent 900 for the Airbus A380. The Trent 1000 has been selected to power the first Boeing 787 to enter service with Japanese airline All Nippon Airlines and has already powered over 2,000 hours of aircraft test flights.
- Rolls-Royce, a world-leading provider of power systems and services for use on land, at sea and in the air, has established a strong position in global markets - civil aerospace, defence aerospace, marine and energy.
- As a result of this strategy, Rolls-Royce today has a broad customer base comprising more than 600 airlines, 4,000 corporate and utility aircraft and helicopter operators, 160 armed forces, more than 2,000 marine customers, including 70 navies, and energy customers in nearly 120 countries, with an installed base of 54,000 gas turbines.
- Rolls-Royce employs 39,000 skilled people in offices, manufacturing and service facilities in 50 countries. The Group has a strong commitment to apprentice and graduate recruitment, and to further developing employee skills.
- In 2009, Rolls-Royce invested £864 million on research and development, two thirds of which had the objective of further improving the environmental aspects of its products, in particular the reduction of emissions.
- Annual underlying revenues were £10.1 billion in 2009, of which about half came from services revenues. The firm and announced order book stood at £58.4 billion at 30 June 2010, providing visibility of future levels of activity.